Euclid Energy Inc. eager to invest in Punjab’s energy sector

Mr. Tariq Zaheen, President of US-based energy company Euclid Energy, while expressing interest in the energy sector of Punjab said that “we have access to huge amounts of funds from EXIM Bank, USA, and those funds can be made available for investment in various projects in Punjab”. He added that his company was considering setting up a power plant in Punjab which “will prove instrumental in improving the province’s social indicators.”
He expressed these views during a meeting with Punjab Board of Investment and Trade’s team at PBIT head office.
Ms. Amena Cheema, CEO PBIT said that “under the dynamic leadership of Chief Minister Punjab, the government has taken determined strides towards building up Punjab’s energy capacity”. She added that there were tremendous opportunities for foreign investment in Punjab’s energy sector and promised the delegation of PBIT’s complete cooperation in facilitating them.
Other members of the delegation included Mr. Malik Asim Javed Awan (Chief Executive) Joint Collaborators and Brig. Abid Cheema.
PBIT team shared investment opportunities in agriculture and energy sectors as well as details of Saaf Pani Project and Grain Storage Silos projects. In addition, possibilities of investment in small solar off-grid solutions and procedures and details regarding each available project were also discussed.
A joint meeting of PBIT officials and officials from Energy Department was held the same day in Energy Department to discuss possibilities of investment in small solar off-grid solutions.
PBIT team assured complete cooperation and facilitation to the delegation members and requested them to share further details of their proposal so that it could be taken up for further necessary action.